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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 22.3 $ 154.2
Accounts receivable, net 515.5 382.3
Inventories 710.4 496.1
Other current assets 84.4 86.8
Total current assets 1,332.6 1,119.4
Property, plant and equipment, net 1,383.6 1,420.8
Goodwill 241.4 241.4
Other intangibles, net 30.2 35.2
Deferred income taxes 5.3 5.7
Other assets 101.2 109.8
Total assets 3,094.3 2,932.3
Current liabilities:    
Short-term credit agreement borrowings 108.6 0.0
Accounts payable 288.0 242.1
Accrued liabilities 147.4 133.5
Total current liabilities 544.0 375.6
Long-term debt 692.7 691.8
Accrued pension liabilities 200.9 196.6
Accrued postretirement benefits 78.4 77.4
Deferred income taxes 159.9 162.4
Other liabilities 91.2 98.0
Total liabilities 1,767.1 1,601.8
Contingencies and commitments (see Note 9)
STOCKHOLDERS' EQUITY    
Common stock — authorized 100,000,000 shares; issued 56,061,601 shares at March 31, 2023 and 56,025,510 shares at June 30, 2022; outstanding 48,543,265 shares at March 31, 2023 and 48,286,439 shares at June 30, 2022 280.3 280.1
Capital in excess of par value 319.9 320.3
Reinvested earnings 1,199.5 1,211.0
Common stock in treasury (7,518,336 shares and 7,739,071 shares at March 31, 2023 and June 30, 2022, respectively), at cost (298.4) (307.4)
Accumulated other comprehensive loss (174.1) (173.5)
Total stockholders' equity 1,327.2 1,330.5
Total liabilities and stockholders' equity $ 3,094.3 $ 2,932.3